In Delaware, research firm Allied Market Research reported that the global waste to energy market size was valued at $35.6 billion in 2022, and is estimated to reach $56 billion by 2032.
The report showed that the market is forecast to expand at a CAGR of 4.7% from 2023 to 2032.
The report also revealed that Asia-Pacific is the fastest growing region representing for 5.1% of CAGR to the market.
“The Asia Pacific region is undergoing rapid urbanization and industrial growth which increases waste generation. This surge in municipal solid waste coupled with industrial and agricultural residues, presents a significant opportunity for the waste to energy market. In addition, there is a surge in energy demands in the Asia-Pacific regions due to rapid urbanization, industrialization, and population growth. All these factors are anticipated to offer waste to energy market opportunities in Asia-Pacific during the forecast period,” the report stated.